February ISM Rises to 49.5
More encouraging news. The February ISM Index rose to 49.5. This is the second straight monthly gain for an index that hasn’t done well over the last 18 months.
A reading above 50 means the manufacturing sector is expanding while below means it’s contracting. This is the fifth report in a row below 50, but it appears we may be in an upward trend.
Also, the Commerce Department said that construction spending rose by 1.5% in January. That’s the biggest increase since October 2007.
Posted by Eddy Elfenbein on March 1st, 2016 at 10:20 am
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Starting 2025, the S&P 500 is at 5882, up 23.3% for 2024. With dividends+buybacks increasing 11.3% & earnings up 9.9%, the equity risk premium stands at 4.33%. Adding in the ten-year treasury rate of 4.58% yields an expected return of 8.91% for US stocks. http://Damodaran.com
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Eddy Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His 
